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An elderly resident in Gosport who had endured many winters in his freezing cold house with no central heating and single glazing, has had both installed thanks to  low cost finance backed by Gosport Borough Council.

The resident, who has asked not to be named, will have nothing to repay, thanks to an affordable loan scheme offered through responsible lender South Coast Moneyline, in association with five local authorities including Gosport and Portsmouth.

Nick Webb, Home Trust Loan Manager at South Coast Moneyline, sees many cases where people are putting up with substandard conditions and aren’t aware that these affordable options are available. He recalls: “He was at his wit’s end and although he had no mortgage or other debts, he could not find affordable finance to do anything about it. Our interest roll-up loan meant he was able to have double glazing and central heating fitted, without having to afford any monthly repayments.

“Many vulnerable homeowners in Portsmouth and Gosport do not need to put up with homes in need of maintenance and repair,” Mr Webb adds.  “We have a large fund available to offer and, as a responsible lender, we ensure that people are not taking on any kind of debt that they can’t repay.”

For more details, please visit
www.hometrustloan.org.uk or call 02392 688 369 (Portsmouth residents) or 02392 826180 (Gosport residents). 

Posted in: 2010 articles

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The Home Trust Loan products are provided exclusively by Parity Trust. 

Parity Trust is the trading name of the Portsmouth Area Regeneration Trust (Guarantee) Limited. Companies House registered No. 3977373

Registered by the Financial Services Authority as a Home Finance Provider; registered no. 504445 

Head Office: 1000 Lakeside, North Harbour, Portsmouth, PO6 3EN

Telephone: 02392 375921

Please note; Your home may be repossessed if you do not keep up the repayments on your mortgage.


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